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The Latest Breaking News from Benzinga

Donald Trump Endorses MyPillow Founder Mike Lindell for Minnesota Governor, Says the ‘Pillow Man’ Will Be ‘SPECTACULAR’

President Donald Trump endorsed MyPillow founder Mike Lindell for Minnesota governor on Wednesday, backing a longtime ally and prominent promoter of false claims that the 2020 election was stolen.

Benzinga

Hyundai Buys Out SoftBank Stake to Take Full Control of Boston Dynamics as Atlas Humanoid Robot Manufacturing Rollout Moves Closer

Hyundai Motor Co. Ltd. (OTC:HYMLF) will acquire SoftBank Group Corp.‘s (OTC:SFTBF) (OTC:SFTBY) remaining roughly 10% stake in Boston Dynamics, making the U.S. robotics company wholly owned as Hyundai prepares to deploy Atlas humanoids in automotive production.

Benzinga

SpaceX Just Landed in a Very Strange Place — Inside Value ETFs

SpaceX (NASDAQ:SPCX) has long been synonymous with high-growth investing, finding a natural home in innovation, technology and space-themed ETFs. But following its blockbuster public debut and subsequent inclusion in major equity benchmarks, Elon Musk’s rocket company has landed somewhere few investors would expect: inside value ETFs. According to Morningstar, SpaceX…

Benzinga

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After the 'Invincible Red Line' Hormuz, Iran Reportedly Prepares Red Sea Blockade as Trump Escalates Infrastructure Strike Threats

Iran has reportedly directed Yemen’s Houthi movement to prepare for the closure of the Red Sea oil route, a crucial global energy supply channel, in the event of a U.S. attack on Iranian power infrastructure.

Benzinga

Trump's Former Pentagon Chief Warns Bombing Iran Alone Won't Deliver Victory, Suggests Two Options: 'My Big Concern...is China'

Mark Esper, the former defense secretary under President Donald Trump, warned that the U.S. might not triumph in a war against Iran if it relies solely on aerial strikes. Instead, he suggested that the U.S. should prioritize economically “strangling” the Islamic Republic.

Benzinga

South Korea’s Extreme Market Volatility Triggers Intervention on Leveraged ETFs Tied to SK Hynix, Samsung

Seoul is tripling the cash Korean investors must hold to trade leveraged single-stock funds, an emergency attempt to contain the violent volatility that have triggered several emergency trading halts on the KOSPI index in recent weeks.

Benzinga

Netflix Earnings Prediction Market Preview: What Will Ted Sarandos Say?

Netflix Inc. (NASDAQ:NFLX) reports second-quarter earnings after the bell today with shares down almost 20% this year.

Benzinga

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Trump Accounts Projections Are 'Ridiculous, Dishonest and Deeply Misleading,' Says Top Economist Justin Wolfers

The much-touted millionaire projections for the newly launched Trump Accounts are drawing sharp criticism from top economists, with Justin Wolfers explicitly labeling the White House’s figures as “ridiculous, dishonest and deeply misleading.”

Benzinga

Boeing, Airbus, Major Airlines Push Congress for $20 Billion to Modernize Air Traffic Control: Report

The U.S. aviation sector is reportedly pushing lawmakers to approve a funding package worth $20 billion to modernize the country’s aging air traffic control (ATC) systems, as well as curb flight disruptions.

Benzinga

Rick Scott Slams Progressive Democrats Over Defense Bill Blockade and Says AOC's Influence Is Pushing Schumer Toward 'Crazy Ideas'

Sen. Rick Scott (R-Fla.) criticized progressive Democrats over government spending and defense policy disputes, arguing that socialist ideas could weaken individual freedom and the American economy.

Benzinga

Lucid Stock, Down About 44% This Year, Skyrockets Over 28% After CEO Goes on the Offensive Against Bankruptcy Report: 'So Far From the Facts…'

Lucid Group Inc. (NASDAQ:LCID) CEO Silvio Napoli on Wednesday slammed rumors of the automaker filing for bankruptcy following reports.

Benzinga

Elizabeth Warren Grills Fed Chair Kevin Warsh Over Stanley Druckenmiller Ties: 'Who Gave You $100 Million?'

Federal Reserve Chairman Kevin Warsh was subjected to intense questioning by Sen. Elizabeth Warren (D-Mass.) regarding potential ethics violations.

Benzinga

JD Vance Says AI Could Create Massive Wealth but Calls for Workers to Have 'Some Power'

On Wednesday, Vice President JD Vance warned that artificial intelligence (AI) could unleash major economic growth but said workers must have a role in shaping the distribution of wealth created by the technology.

Benzinga

Stock Market Today: Dow Futures Rise, S&P 500 Falls As Trump Says Iran Wants To Negotiate— AtaiBeckley, J B Hunt, AST SpaceMobile in Focus (UPDATED)

(Editor’s note: The lede, futures, ETFs and economic data were updated.)

Benzinga

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news in one place.

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Jim Cramer Says ASML Rally Reflects AI Market 'Mood' as Shay Boloor Calls ASML the 'Toll Road' of the AI Revolution

On Wednesday, ASML Holding N.V.’s (NASDAQ:ASML) strong quarterly results and upbeat outlook sparked fresh commentary from market watchers, with Jim Cramer and Shay Boloor offering different perspectives.

Benzinga

Dara Khosrowshahi Says $14.8 Billion Delivery Hero Deal Will Double Uber's Mobility, Delivery Markets

Ride-hailing giant Uber Technologies Inc. (NYSE:UBER) has reached an agreement to acquire German food delivery platform Delivery Hero SE in a deal worth $14.8 billion.

Benzinga

China’s Rare Earth Curbs Could Trigger $6.5 Trillion Supply Shock for Industries From EVs to Weapons Systems, IEA Warns

China’s rare earth export controls could expose $6.5 trillion of production outside the country to supply shocks, the International Energy Agency warned on Thursday, highlighting how small volumes of strategic minerals can threaten large parts of the global economy.

Benzinga

TSMC Stock Slides Despite Crushing Q2 Estimates With Fifth Straight Record Profit

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) delivered a fifth consecutive record quarterly profit, beating Wall Street expectations. At the time of writing, TSMC stock rose 1.23% to close at NT$2,470 ($76.72) in Taipei.

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news in one place.

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Benzinga

Peter Schiff Says Scott Bessent Is 'Misinformed' on Gold Certificate Redemption Claim: 'Why Should We Trust' Fort Knox?

Renowned economist Peter Schiff on Wednesday called Treasury Secretary Scott Bessent‘s remarks during an interview about old gold and silver certificates “misinformed,” questioning the secretary’s understanding of U.S. currency history.

Benzinga

Jamie Dimon Backs Philadelphia Navy Yard With $24 Million as US Defense Spending Surges, Says 'The Arsenal of Democracy Has Been Reignited'

Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE:JPM), has announced a $24 million initiative aimed at rejuvenating the American shipbuilding industry.

Benzinga

Trump's New Student Loan Law Is Quietly Blocking Public Service Workers From Loan Forgiveness— and Most Won't Know Until It's Too Late

Federal student loan borrowers pursuing Public Service Loan Forgiveness, or PSLF, are facing new eligibility rules after key provisions of President Donald Trump‘s One Big Beautiful Bill Act took effect on July 1, changing which repayment plans qualify and limiting options for some Parent PLUS borrowers.

Benzinga

Gene Munster Says New Siri AI Makes It Feel 'Like Having a New Phone,' Ming-Chi Kuo Says Stock Rally Was Expected as Apple Stock Touches Record High

On Wednesday, Apple Inc. (NASDAQ:AAPL) shares surged to a record high after investors welcomed the company’s new Siri AI beta and progress on Apple Intelligence, with prominent analysts Gene Munster and Ming-Chi Kuo saying the rally reflects growing confidence in Apple’s AI strategy.

Benzinga

Tesla Q2 Earnings: Elon Musk's Pay Package, Cybercab and Optimus Lead Top Investor Questions

As Elon Musk-led automaker Tesla Inc. (NASDAQ:TSLA) is set to hold its second-quarter earnings call with investors next week, here are some top questions investors have submitted for the EV giant’s management.

Benzinga

Marco Rubio Says President Lula 'Put His Ego Ahead of Making a Deal' as Trump Slaps Brazil With 25% Tariffs

The Trump Administration announced a 25% tariff on most Brazilian imports late Wednesday, effective July 22.

Benzinga

Nancy Pelosi Slams Trump, GOP Budget as 'America Last' Plan, Says Republicans Spend $73 Billion on 'Endless Wars'

Former House Speaker Nancy Pelosi criticized President Donald Trump and congressional Republicans, arguing that their budget priorities favor military spending over addressing the financial challenges facing American families.

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